Author Question: If the price level rises relative to the money wage rate, firms ________ the quantity of labor they ... (Read 210 times)

Lobcity · **on:** Jun 29, 2018

If the price level rises relative to the money wage rate, firms ________ the quantity of labor they demand and workers ________ the quantity of labor they supply.

A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease

Question 2

A person quits her job in order to spend time looking for a better-paying job. This type of unemployment is an example of

A) frictional unemployment.
B) cyclical unemployment.
C) seasonal unemployment.
D) structural unemployment.